Leonteq Securities AG Purchases New Position in D-Wave Quantum Inc. $QBTS

Leonteq Securities AG purchased a new stake in D-Wave Quantum Inc. (NYSE:QBTS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 31,789 shares of the company’s stock, valued at approximately $831,000.

Other hedge funds have also modified their holdings of the company. Ancora Advisors LLC acquired a new stake in shares of D-Wave Quantum in the 3rd quarter valued at approximately $30,000. Valley National Advisers Inc. raised its position in shares of D-Wave Quantum by 222.2% in the 4th quarter. Valley National Advisers Inc. now owns 1,595 shares of the company’s stock valued at $41,000 after acquiring an additional 1,100 shares during the period. Kelleher Financial Advisors acquired a new stake in D-Wave Quantum during the 3rd quarter worth approximately $40,000. Tucker Asset Management LLC acquired a new stake in D-Wave Quantum during the 4th quarter worth approximately $47,000. Finally, Larson Financial Group LLC raised its holdings in D-Wave Quantum by 1,754.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,854 shares of the company’s stock worth $46,000 after buying an additional 1,754 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research upgraded shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and an average price target of $34.67.

Insider Buying and Selling at D-Wave Quantum

In other news, VP Sophie C. Ames sold 23,025 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total transaction of $437,014.50. Following the completion of the transaction, the vice president directly owned 596,803 shares of the company’s stock, valued at $11,327,320.94. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $144,080.00. Following the transaction, the director directly owned 19,803 shares of the company’s stock, valued at $356,652.03. This represents a 28.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,801 shares of company stock valued at $1,011,586 over the last quarter. Insiders own 3.20% of the company’s stock.

D-Wave Quantum News Summary

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: The biggest driver for QBTS is the reported U.S. government support for quantum computing, including a proposed $100 million CHIPS Act funding package for D-Wave, which investors view as a major validation of the company’s technology and growth prospects. Article Title
• Positive Sentiment: Broader headlines that the Trump administration is committing $2 billion to quantum firms have lifted the entire group, including D-Wave, as traders bet federal money could accelerate commercialization and industry adoption. Article Title
• Positive Sentiment: Quantum stocks continued to rally across the sector, with D-Wave included in a broader move that added billions in market value, reinforcing momentum-driven buying in QBTS. Article Title
• Neutral Sentiment: Trading activity has also been elevated, with unusually heavy call-option buying suggesting speculation remains strong, but this is more a sign of interest than a clear fundamental catalyst.
• Negative Sentiment: A vice president sold shares under a pre-arranged 10b5-1 plan, which may slightly weigh on sentiment even though the transaction does not necessarily signal concern about the business. Article Title

D-Wave Quantum Stock Performance

Shares of QBTS stock opened at $29.13 on Friday. The company has a market capitalization of $10.78 billion, a P/E ratio of -25.78 and a beta of 1.95. D-Wave Quantum Inc. has a 52 week low of $12.75 and a 52 week high of $46.75. The company’s 50 day moving average price is $18.40 and its two-hundred day moving average price is $22.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $2.86 million during the quarter, compared to analysts’ expectations of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business’s quarterly revenue was down 80.9% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS. On average, analysts expect that D-Wave Quantum Inc. will post -0.44 earnings per share for the current fiscal year.

D-Wave Quantum Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.